Vitalik: The failure of FTX was inevitable due to its centralized nature
ChainCatcher news, according to Decrypt, Ethereum co-founder Vitalik Buterin stated that the massive collapse of FTX was inevitable due to its centralized nature.
When asked about the collapse of FTX and other cryptocurrency companies this year, Vitalik said, "This year we have seen a lot of such things because their models are fundamentally flawed." He pointed out that FTX's marketing resembled the "individualistic style" of "dictators from the 1930s," which is completely contrary to the decentralized spirit of the cryptocurrency industry. (Source link)
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